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I think the better strategy is to trade less but trade more effectively.
Build a safer strategy and focus on a higher win rate.
When you trade too much, you're constantly checking charts, scanning for new projects, and fomoing into every new narrative.
It affects your judgment, routine, and sleep. That's what I've experienced lately.
I'm talking about normal trader here. It's hard to do anything well when you're doing it at high intensity.
The more capital you have, the more careful you should be with it.
Honestly, I used to take too much risk with large positions. After taking enough losses, I've switched to a safer strategy.
I look for og tokens that are still ranging after their first dump and haven't pumped yet. Then I look for a low risk entry when they break out.
This has given me a much higher win rate and, at least so far, most of my trades have made 50%+.
If you're simply looking to build long term positions more safely, just DCA and hold projects you believe have long term potential, like bitcoin:native, ethereum:native, SOL, BNB, and HYPE.
I'm writing this as a reminder to myself to do better. I've never traded at this intensity before, and the past 3 weeks have taught me a lot.
A good trade isn't about trading more. Trade less. Build a better strategy.
Binance engineers are seriously incompetent.
They act like inexperienced, naive engineers who can easily fall for malware and phishing sites without taking proper precautions or doing basic security checks.
The way these security breaches happen raises concerns about basic security practices.
Were proper precautions and security checks consistently followed?
Do they fully understand the level of responsibility that comes with working for the world's largest CEX and handling billions of dollars in user assets?
Are employees using the same laptops for both work and personal activities?
Are they casually browsing job listings or looking for other opportunities while working at Binance?
I'm genuinely disappointed by what this incident reveals about Binance's internal security practices. The company should have much stricter security protocols and better employee training, especially given that similar incidents have happened repeatedly.
When you're responsible for billions in user funds, basic security practices should never be an afterthought.
1. North Korea has never admitted to any allegations of hacking.
2. If it wasn't North Korea, then who hacked Binance?
Bybit got hacked. I had $1 on it.
Bitget got hacked. I had $0 on it.
Binance got hacked. I had $0.045 on it.
I haven’t kept funds on CEXs for almost a year now. I only use them when I need to cash out.
GM to everyone still here after the Binance hack and all the bad news lately.
Have a great week ahead!
My account has no posts with a visibility-limiting label, but my bags do.
I’m busy getting my Halloween costume ready tonight.
Rate my costume (1-10)👀
Why is a DevOps engineer’s laptop so vulnerable to compromise??
Shouldn’t they be using a dedicated device for such critical work?
They should understand security better than anyone, especially when they’re responsible for protecting user funds on the world’s largest CEX.
To me, this is one of the most basic yet critical security practices that every project and protocol should get right.
This was a brutal hack, but it’s also a wake up call for the entire industry.
Threats can come from anywhere. No one can afford to be careless.
Wtf, Binance just got hacked for ~$5.9B- the biggest hack in internet history.
~$2.54B has been frozen by Tether and Circle.
But Binance can easily cover the losses with its $144B in assets under custody.
Just when you think CEXs are safer after so many recent hacks, Binance gets hacked. What an insane day on the internet.
Stay safe🙏
Other reports suggest the total amount hacked reached $6.2B. Fuck.
teapawt.org/WazzCrypto/status/2115…
